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This is drifting down, could do with some more positive news, IMO. GLA
We seem to be treading water here until the next trading statement. GLA
Ship steadied so to speak, big boys will be getting back on board now, buckle up, target 160p eoy. Will be happy with that
Good news - the past bad news is the same, and not worse than originally envisaged. Trading now is more positive and the board has been strengthened. All in all, a positive update! GLA
A decent overview of this, goldust, with the steady price recovery of late signalling that their earlier 'faux pas' on the trading front, is now behind them. If so, VANL is certainly cheap if the next figs suggest they're on the mend now. I'm not a trader nor a punter myself; just a value investor but I dislike trading 'adjustments' so soon after coming to the mkt like we saw a few months ago and I exited, just in case something more sinister might be afoot. With the sp now a tad under the IPO offering, post the setback, I've just gone back in again at 98.5p, hoping the event was no more than a 'one off'. Fingers crossed, etc., - sasa.
Happy to hold here. Onwards and upwards I think..
Tip today- Van Elle (VANL) is a strangely named outfit that only went public recently. Unlike some firms which float, this one was already doing very nicely as a private set-up. It operated in that world for 32 years. What does it do? It specialises in piles. Not the kind your granddad suffers from, but piles, foundations and ground engineering. That is stabilising land for builders to plonk their erections on. Van Elle is a bit of a pioneer too, finding new ways to make land capable of being built upon. The company has an enviable reputation for making cold cash. It had a pre tax gain of £10.7 million last time from £85 million’s worth of revenue. The chairman has loads of skin in the game - still owning about a fifth of the firm. And at least one other big cheese holds a big lump of shares. You’ve all heard me bang on about Whitehall’s pledges to improve the climate for builders. Only a poor builder - and admittedly there are a few about the place - can fail to take advantage of this benign climate. Does Van Elle have decent customers? Well, it certainly has big ones - including Bellway (BWY) Bovis (BVS) and Balfour Beatty (BBY). Its recent airports projects include Birmingham and Manchester control towers and radar stations. It also supplies Network Rail. So you don’t necessarily have to build homes to be a client. A dividend is being vaunted, too. So a firm with a good, erm, foundation for shares to grow in price. And now it’s time for the Punter’s Return.
Another small Director buy. Good news.
Growth in UK construction hit a 4 month high in April. PMI rose to 53.1 from 52.2 in March - better than forecast which was for a slight fall. Civil Engineering grew at fastest rate in just over a year.
Right place right time. Lots of big projects beginning to start..
Good morning. Do you think somebody knows something that we mortals don't? Dramatic rise for no publically known reason. Views welcome. GLA
There are some reasonable buys going through and I believe as a few dejected Pi's sell they are being quietly mopped up for a song. At some stage the company will release another update and if there is a hint of the turn around it will then rise quite quickly. It could of course get gobbled up too.... It is worth a hold at this price
Feel like its the doldrums as far as S.P goes. Volumes very low as well. Views?
Purchased renew at same price as van elle are today. These solid hard working companies who deal with large infrastructure projects are a no brainer for long term growth. Van elle would be a good takeover for renew holdings.
long term it may have a good future but profit warnings dont look good based on 60mil cant say it is under/overvalued. wouldnt rush to buy or sell atm myself
I tend to agree and for that reason I have taken a small position. I too think the price drop was overdone but profit warnings tend to come in three's . In the medium term though I agree there is quite some work coming up in the next few years.
First time posting. Floated at 90 and dropping from 130 large sells below 90 must be loosing loads of cash ? Van elle is one of the largest rail ground workers in the country specialising in piling. Maybe they have come to the market to raise a large amount of cash quickly. Feb 2017 press release re new equipment. HS2 is coming, lots of bridges and embankments to build. This company should get a slice of the 55 bn cost, if so watch the profits climb over the next 10 yrs.
Agree, price drop overdone. It seems though that numerous buys hardly moves this share, but a few sells and it drops like a stone. Could do with bigger Director buys and some good news, for a change. Long term hold, methinks LOL. Will come good for the patient investor IMO. Gla Rich
Absolute over-kill based on fear. Still a great company and ultimately a great share - loads of upside here.
I have read what has been said, but this does look like over-kill. Views?
Discovered this week that Rickitt Mitchell were the corporate finance advisors on this deal as they were on the many of the acquisitions NCC Group plc undertook. Read into this what you will but both companies share prices have the same trajectory and these " advisors " walk away with hefty fees. Great work if you can get it !!
I unfortunately have to agree. This SP has been hit hard and will be hit again with similar news on the next update. This RNS does not bode well for the next 12 months or so.
Ditto
My buy showing as a sell like everything else !
Am sure this is a overdone but a company reporting revenue less than expected is going get hammered in the market. I got stopped out this am but should have sold out much earlier as any update was not going to be great after the problems highlighted in previous updates. I didnt like the wording on the delayed contracts as "still expects to deliver a number of these contracts" that to me signals they are at risk of being cancelled! A company reporting delayed reveune, uncertainty around contracts and a 'material' employment issue will be seen as big red flags. GL all but this seems more of a trading play for the SP to recover as any further revenue weakness will see the SP price fall further.